Orange, California-based SA Recycling has acquired Decatur, Alabama-based Tennessee Valley Recycling (TVR), a 110-year-old metal recycling company with five facilities in Alabama and one in Tennessee.
Long-time TVR executive Joel Denbo, part of the family that had long owned the company, indicated in an online article by the Decatur Daily that the company does not anticipate making layoffs to the 190 employees of the firm.
Denbo also told the newspaper, “It will be the first time in more than a century that there won’t be Denbos in the scrap business in Decatur, Alabama,” referring to the family business’s roots that trace back to 1907.
He also referred to SA Recycling as a company that would act as “good business citizens here in the community,” indicating he would remain in Decatur for several months during a transition period before moving to Atlanta to undertake an advisory position with SA Recycling.
Denbo cited an uncertain succession strategy as one reason for the sale of the family business. He told the newspaper he hoped the Denbo family would be remembered in Decatur as “fair people, honest traders, and hard workers.”
In a follow-up article by the Decatur Daily, Tom Knippel of SA Recycling confirmed that no immediate personnel changes were planned. Knippel said the company expects to invest in technology to retain and grow SA Recycling’s new locations in Alabama and Tennessee.